Located in Tuscany’s leather manufacturing area, the company specializes in printed leather.

Franco Gabbrielli will helm the association of Italian leather goods manufacturers until 2022, succeeding Riccardo Braccialini.

A new 64,583 square-foot unit located near Vicenza in the Veneto region will bow by the end of 2020.

The global personal luxury goods market is forecast to reach revenues of between 271and 276 billion euros this year, according to studies released by Altagamma and by Bain & Co.

The Florence-based leather goods label has been acquired by its Japanese distributor and licensee Look Holdings Inc.

The move is seen as consistent with the Italian luxury group’s strategy to control image, positioning and distribution and is expected to yield results in the long term.

The decision aims to “ensure greater consistency in pricing policies across retail and digital channels,” the company said.

Analysts praised the first signs of a turnaround and shares closed up 9.85 percent to 21.25 euros on Wednesday.

The performance of the brand’s Chinese customers and a strong reception of its footwear and leather goods categories helped lift earnings and sales in the first quarter.

But the company has some stiff competition in the smartwatch market.

In 2017, the French luxury group chose Polimoda to train its new leather goods artisans.

Silas Capital makes multimillion-dollar investment in the wallet start-up.

The Italian luxury house has gone through a restructuring and has set the foundations for future growth, said the group’s chief executive officer as he commented on a sharp drop in profits last year.

Exhibitors were upbeat about the increased traffic at the handbag and accessories trade show.

The buyout is being led by chief executive officer Anton Magnani through a vehicle called Luxury Industrial Holding Srl.